China Eastern Airlines Stock Technical Analysis

CHEAF Stock  USD 0.25  0.01  3.85%   
As of the 17th of May 2024, China Eastern shows the Mean Deviation of 0.5731, risk adjusted performance of (0.01), and Standard Deviation of 1.77. China Eastern Airlines technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze twelve technical drivers for China Eastern Airlines, which can be compared to its peers. Please confirm China Eastern Airlines variance and the relationship between the treynor ratio and kurtosis to decide if China Eastern Airlines is priced correctly, providing market reflects its regular price of 0.25 per share. As China Eastern Airlines appears to be a penny stock we also recommend to validate its jensen alpha numbers.

China Eastern Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as China, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to China
  
China Eastern's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
China Eastern technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
A focus of China Eastern technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of China Eastern trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

China Eastern Airlines Technical Analysis

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The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of China Eastern Airlines volatility. High ATR values indicate high volatility, and low values indicate low volatility.

China Eastern Airlines Trend Analysis

Use this graph to draw trend lines for China Eastern Airlines. You can use it to identify possible trend reversals for China Eastern as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual China Eastern price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

China Eastern Best Fit Change Line

The following chart estimates an ordinary least squares regression model for China Eastern Airlines applied against its price change over selected period. The best fit line has a slop of   0.0003  , which may suggest that China Eastern Airlines market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted China Eastern price change compared to its average price change.

About China Eastern Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of China Eastern Airlines on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of China Eastern Airlines based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on China Eastern Airlines price pattern first instead of the macroeconomic environment surrounding China Eastern Airlines. By analyzing China Eastern's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of China Eastern's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to China Eastern specific price patterns or momentum indicators. Please read more on our technical analysis page.

China Eastern May 17, 2024 Technical Indicators

Most technical analysis of China help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for China from various momentum indicators to cycle indicators. When you analyze China charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Eastern Airlines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the China Eastern Airlines information on this page should be used as a complementary analysis to other China Eastern's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

Complementary Tools for China Pink Sheet analysis

When running China Eastern's price analysis, check to measure China Eastern's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy China Eastern is operating at the current time. Most of China Eastern's value examination focuses on studying past and present price action to predict the probability of China Eastern's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Eastern's price. Additionally, you may evaluate how the addition of China Eastern to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between China Eastern's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Eastern is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Eastern's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.